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Hot Stock Heveaboard gains 4.26% on record high net profit
by Cals Tue 01 Sep 2015, 18:58
Hot Stock
Heveaboard gains 4.26% on record high net profit
KUALA LUMPUR (Sept 1): Shares in Heveaboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 4 sen or 4.26% to 98 sen, after the particleboard maker posted a record high net profit of RM16.04 million for the second quarter ended June 30, 2015.
Heveaboard (fundamental: 2.1; valuation: 1.4) gave up the gains and traded at 96 sen apiece, also up 2 sen or 2.13%, with 4.31 million shares having changed hands as at 10.57am.
The hike in share price was riding on investors' positive sentiment, after the company posted its highest ever quarterly profit since it had been listed on Bursa Malaysia in early 2005.
Quarterly revenue grew by 4.2% to RM111.38 million in 2QFY15, from RM106.9 million in the previous corresponding quarter. The group is proposing a dividend per share of 0.5 sen.
Year-to-date, Heveaboard has gained about 130%, significantly outperforming the FBM KLCI’s 6.09% decline.
[size=12](Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)[/size]
Heveaboard gains 4.26% on record high net profit
KUALA LUMPUR (Sept 1): Shares in Heveaboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 4 sen or 4.26% to 98 sen, after the particleboard maker posted a record high net profit of RM16.04 million for the second quarter ended June 30, 2015.
Heveaboard (fundamental: 2.1; valuation: 1.4) gave up the gains and traded at 96 sen apiece, also up 2 sen or 2.13%, with 4.31 million shares having changed hands as at 10.57am.
The hike in share price was riding on investors' positive sentiment, after the company posted its highest ever quarterly profit since it had been listed on Bursa Malaysia in early 2005.
Quarterly revenue grew by 4.2% to RM111.38 million in 2QFY15, from RM106.9 million in the previous corresponding quarter. The group is proposing a dividend per share of 0.5 sen.
Year-to-date, Heveaboard has gained about 130%, significantly outperforming the FBM KLCI’s 6.09% decline.
[size=12](Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)[/size]
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